Louise O'Reilly
Ceist:255. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the number of FDI investments won by IDA Ireland over the past five years, by year, in tabular form. [2834/24]
Amharc ar fhreagraTuesday, 23 January 2024
Ceisteanna (255, 256)
Louise O'Reilly
Ceist:256. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the number of FDI investments won by IDA Ireland over the past five years which have been in the regions, by year, in tabular form. [2835/24]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 255 and 256 together.
Attracting foreign direct Investment (FDI) and the pursuit of balanced regional development remain key priorities for my Department and for IDA Ireland.
248 investments were won in 2023, 83 of which were new name investments from companies investing in Ireland for the first time and 67 were expansions by companies already established here. Moreover,
19,000 new jobs were created in FDI companies in 2023, with the total number of people employed in the FDI sector in Ireland standing at 300,583, holding above 300,000 jobs for the second consecutive year. These results illustrate the continued substantial growth in FDI in 2023 despite a difficult global economic environment.
The IDA is targeting at least half of all investments - that is 400 of 800 - from 2021 to 2024 to regional locations. Of the 248 investments won in 2023, 132 went to regional locations, which is 53% of all projects and 56% of all jobs approved. IDA clients now employ 163,471 people regionally, which represents 54% of client employment.
The strong growth in regional investment was supported by IDA Ireland’s property programme as a robust property and infrastructure ecosystem has been shown to be an important differentiator in winning FDI projects.
The table below details the number of FDI investments won by IDA Ireland over the past five years, including in the regions.
|
2019 |
2020 |
2021 |
2022 |
2023 |
|
|
Investments won |
250 |
246 |
249 |
242 |
248 |
|
Investments won in the regions |
110 |
128 |
133 |
127 |
132 |
Question No. 256 answered with Question No. 255.